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Dec 12, 2012
12/12
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if you look at china in particular, they are looking for corporate bonds rather than u.s. treasury securities because they do not like what they see. we are living on borrowed time. we have created another bubble. my view is the reason the fed is doing that is because the mandate was changed in the late 70's to where they have to be concerned with unemployment. we need a fiscal deal. the fed is the onlythe fed has to change its policy unsustainable over time. >> right. >> one of the most successful physical consolidations in the developed, democratic world in canada, in the mid 1990's, and i ask the canadian politicians how did you do it? the public went from cheering on spending to deficits within a matter of a year or two. the government in canada now risks some peril if they do not balance their budget. the answer you most frequently get is all they had to do was say, 40% of revenues was going to pay the interest bill on the canadian debt, and the public immediately realized that was not a great idea. we cannot make that argument. we run these massive deficits and becau
if you look at china in particular, they are looking for corporate bonds rather than u.s. treasury securities because they do not like what they see. we are living on borrowed time. we have created another bubble. my view is the reason the fed is doing that is because the mandate was changed in the late 70's to where they have to be concerned with unemployment. we need a fiscal deal. the fed is the onlythe fed has to change its policy unsustainable over time. >> right. >> one of the...
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Dec 24, 2012
12/12
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FBC
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david: it is time to go off the desk and over to china for a huge holiday pillow fight. they blew off some steam with a pillow fight. they had the names of bosses and professors on
david: it is time to go off the desk and over to china for a huge holiday pillow fight. they blew off some steam with a pillow fight. they had the names of bosses and professors on
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Dec 11, 2012
12/12
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KQED
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we can play in china. we've got probably 16,000 or 17,000 people in china. we're a net exporter to china from the u.s. so we have good technology products and things like that. >> rose: what are they buying? >> jet engines. health care products. we'll sell more c.t. scanners in china than the united states. never thought i'd see that day. we're competitively advantaged, we do a good job. the goal is you want to be competitive in china, you want to play, but we like the portfolio, you know? we're big in australia. we're big in canada. we're big in the middle east. we're big in africa. i wouldn't want to have a strategy that was solely dependent on china. i like having a diversified geography. >> rose: in the past, you've criticized doing business in china. has it gotten better, easier, from the time you made that observation? >> at the time i made the observation it was when a thing called indigenous innovation was taking place which basically said do business with chinese companies, right? >> rose: if you want to do business here, do business with china. >>
we can play in china. we've got probably 16,000 or 17,000 people in china. we're a net exporter to china from the u.s. so we have good technology products and things like that. >> rose: what are they buying? >> jet engines. health care products. we'll sell more c.t. scanners in china than the united states. never thought i'd see that day. we're competitively advantaged, we do a good job. the goal is you want to be competitive in china, you want to play, but we like the portfolio,...
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Dec 10, 2012
12/12
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CNBC
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than china. partly because of relative wage levels, but also partly because of its proximity to the market and with energy and transport costs being what they are today, you're going to see a lot of change. and the u.s., like our industrialized economies, is going to have opportunities and it needs to prepare itself to exploit those opportunities. >> the ilo director general guy ryder talking to carolin. just a reminder, we spoke to pascal lamy who confirmed they've downgraded the world trade percent this year. that's had an impact on the volume of trade. it did ask him about what he thought the political situation in italy was going to develop and what impact. he said he thought and believed it would be contained, but then, of course, we might expect him to say that, as well. but he was speaking with mario monti earlier in the weekend, as well. on saturday he was with him. >> a diplomatic response, i would expect no less. great stuff from geneva. looking forward to having you back here tomorrow.
than china. partly because of relative wage levels, but also partly because of its proximity to the market and with energy and transport costs being what they are today, you're going to see a lot of change. and the u.s., like our industrialized economies, is going to have opportunities and it needs to prepare itself to exploit those opportunities. >> the ilo director general guy ryder talking to carolin. just a reminder, we spoke to pascal lamy who confirmed they've downgraded the world...
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Dec 20, 2012
12/12
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FBC
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win millions of dollars of business for the pharmaceutical company in areas such as russia, brazil, china and poland. let's look to the major market average. the s&p is in the green, down and nasdaq pulling back a little bit. we are seeing drug index overall under pressure, eli lilly is likely to be in that index and banking index is higher so that is looking good. cheryl: thank you very much, see you at the top of the hour. if you are looking for that last-minute specialty gift brook stone might be on your list. how are they competing in the online space? the president and ceo is here. dennis: in time for a few last-minute gifts. let's look at today's winners. cheryl: what do you want? tell me now. [ male announcer ] ou are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this [ male announcer ] yes, you could business pro. yes, you could. go national. go lik
win millions of dollars of business for the pharmaceutical company in areas such as russia, brazil, china and poland. let's look to the major market average. the s&p is in the green, down and nasdaq pulling back a little bit. we are seeing drug index overall under pressure, eli lilly is likely to be in that index and banking index is higher so that is looking good. cheryl: thank you very much, see you at the top of the hour. if you are looking for that last-minute specialty gift brook stone...
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Dec 7, 2012
12/12
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CNBC
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of china." serious question, do you think actual's doing this for politics or economics? >> actually both. but when you look at china, though, their manufacturing days are over. americans are less produmore pr less prone to strike -- >> are you sure american works are less prone to strike? we've reported on this show a whole bunch of strikes, including the hostess twinkie companies, the ports of los angeles and out on the west coast. we have obama in the white house. the unions are going whild here. in all seriousness, i don't think unions are any more placid here than they are in china. >> but in china, workers go out on wildcat strikes all the time. foxconn which manufactures about 97% of apple's products, they've been really subject to labor troubles, from suicides to strikes. so i think apple is starting to see that there are some really important economic reasons to manufacturing. they're not the only company doing that. >> is it robots they're going -- i was told that apple is going into a
of china." serious question, do you think actual's doing this for politics or economics? >> actually both. but when you look at china, though, their manufacturing days are over. americans are less produmore pr less prone to strike -- >> are you sure american works are less prone to strike? we've reported on this show a whole bunch of strikes, including the hostess twinkie companies, the ports of los angeles and out on the west coast. we have obama in the white house. the unions...
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Dec 22, 2012
12/12
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CNNW
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china is slowing, europe is in recession. so the main concern -- and this is a risk scenario, what they call a left tail. it's not the baseline, is that we get a tipping process that one bad thing here leads to another bad thing elsewhere, which comes back here. and that's why the hope is somehow, somehow, i don't know how, but somehow in the next week washington will find a way to avoid this fiscal cliff. >> from your lips to god's ears, mohamed, thanks very much. coming up, as long as congress doesn't trip us up, we are on the way to an economic renaissance in this country. i'll explain. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> we are on the road to an economic renaissance. think about the united states economy like a runner a
china is slowing, europe is in recession. so the main concern -- and this is a risk scenario, what they call a left tail. it's not the baseline, is that we get a tipping process that one bad thing here leads to another bad thing elsewhere, which comes back here. and that's why the hope is somehow, somehow, i don't know how, but somehow in the next week washington will find a way to avoid this fiscal cliff. >> from your lips to god's ears, mohamed, thanks very much. coming up, as long as...
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Dec 14, 2012
12/12
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KCSM
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rain will be ongoing here in the yanze river, that including shanghai here in southern china. this is due to the moisture surging from the south china sea just building off that rainfall. that's going fob about up to 50 millimeters of rainfall in the next 24 hours. temperature-wise shanghai at 17 degrees. really warm out there, but a different story in other regions. some of the regions in inner mongolia have seen minus 30 this morning temperature-wise. in tokyo we're looking at 12 degrees. over towards the americas still things are very messy across much of the southwest. this is due to this winter storm system, and it is going to be a very heavy snowmaker. that will be moving into the four corners. welcoming rain will perhaps be in the phoenix region, but the mountainside will perhaps see about 30 centimeters of snowfall in nevada and new mexico. colorado, you may see more than that, and southern california you'll still see those rain but higher elevations will possibly pack up 5 centimeters of snowfall. across much of the southeast, things are looking very clear and the tem
rain will be ongoing here in the yanze river, that including shanghai here in southern china. this is due to the moisture surging from the south china sea just building off that rainfall. that's going fob about up to 50 millimeters of rainfall in the next 24 hours. temperature-wise shanghai at 17 degrees. really warm out there, but a different story in other regions. some of the regions in inner mongolia have seen minus 30 this morning temperature-wise. in tokyo we're looking at 12 degrees....
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100
Dec 17, 2012
12/12
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CNBC
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still sold iphones in china eye poen is 51% of apple's total revenue. you cannot understate or overstate the importance of that. >> the best first week of sales ever. >> if you weren't seeing the hobbit, you were buying an iphone. or beth. a both /* both. you were tweeting about the hobbit on your new iphone. >> john the day john forte has been salivating about for hours. the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in about 30 trading days. led us to ask the question, is everything fine? >> that's a u shaped recovery. look that. a perfect u. >> it spp what do you say, john? is research in motion back, baby? >> no, not yet. >> i tried. >> i know. it doesn't take much to make me salivate today because all i've had to eat is a protein bar. blackberry 10 is exciting. but we still don't know exactly what is coming there yet. couple things. for the quarter report willing tomorrow, revenues are about half. if they meet expectations, or if they meet a little, they are expecting an eps loss of 35%. secon
still sold iphones in china eye poen is 51% of apple's total revenue. you cannot understate or overstate the importance of that. >> the best first week of sales ever. >> if you weren't seeing the hobbit, you were buying an iphone. or beth. a both /* both. you were tweeting about the hobbit on your new iphone. >> john the day john forte has been salivating about for hours. the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in...
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Dec 10, 2012
12/12
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CSPAN
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guest: the caller is correct when he talks about china. they are just barely beginning to use aircraft carriers and things like this. they are much more focused at home. it is of concern a rise in china but not at the level of the united states. that is a concern. it is a time for real debate in this country about where we go. it is time to relook at our national priorities. everybody thinks the pentagon is on the table. host: that is why we are focusing on this morning, focusing in on the pentagon and sequestration. that call it put the figure of the wars at $300 billion. guest: i think it is higher. it probably goes higher than that number. host: overall? guest: the oco funding got up to about $170 billion at its highest point. it is well in excess of $300 billion. we are probably talking close to a trillion dollars, depending on how you do the math. host: paul, are you in the military? caller: retired. host: go ahead. caller: we had a certain amount of money we had to spend on repair ports every quarter. we were told if you do not spend
guest: the caller is correct when he talks about china. they are just barely beginning to use aircraft carriers and things like this. they are much more focused at home. it is of concern a rise in china but not at the level of the united states. that is a concern. it is a time for real debate in this country about where we go. it is time to relook at our national priorities. everybody thinks the pentagon is on the table. host: that is why we are focusing on this morning, focusing in on the...
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Dec 18, 2012
12/12
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FBC
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they are looking at hey there's no hard landing in china. europe didn't fall off the map. the u.s. didn't go into recession. we didn't have worldwide food inflation. maybe there's a reason to be constructively bullish on this market. liz: wasn't 1442 supposed to be that support level? >> it is a support level. below that though 1430. that is a key level. i think people are squaring up because hey, we don't know what will happen overnight, but by in large, the market is pricing in that something will get accomplished, but hey, if i was standing in that pit right now, i'd go home flat as well but you'd never know. david: i won't tell those guys about the asteroid that's planning to hit at 12:00 midnight. but that's a whole other story. larry, great to see you. liz: david you just panicked half of our viewers. oracle beat on the top and bottom line. let's head back to nicole on the floor of the nyse. nicole: i have been talking with traders taking a look at the stock in the afterhours. it is a winner. we're watching oracle on the move to the upside, beat on both top and bottom line. t
they are looking at hey there's no hard landing in china. europe didn't fall off the map. the u.s. didn't go into recession. we didn't have worldwide food inflation. maybe there's a reason to be constructively bullish on this market. liz: wasn't 1442 supposed to be that support level? >> it is a support level. below that though 1430. that is a key level. i think people are squaring up because hey, we don't know what will happen overnight, but by in large, the market is pricing in that...
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Dec 12, 2012
12/12
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FBC
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here to explain what china wants is the author of the coming collapse of china. i'm glad your year because this sounds really scary. you worried about this? aig, 4 billion. that is the biggest chinese takeover thus far. u worry that this is going to be a trend? >> it's certainly going to be. what's happening in china is that enterprises don't have the opportunities there because their problems and the chinese economy right now it's a pretty serious. these enterprises are going around the world buying assets because the returns are a lot better. so a lot of this activity does not concern me, but some of it does because you see in certain acquisitions like a one to three systems, the battery maker, the canadian oil sands producer. they're looking for technology. and some of this technology has defense applications, like this battery maker they're buying this stuff up. that is something we have to be concerned about and should stop. tracy: do you worry -- we ha an election. there are new people leading. you worry that the new leaders will make this even worse? >> th
here to explain what china wants is the author of the coming collapse of china. i'm glad your year because this sounds really scary. you worried about this? aig, 4 billion. that is the biggest chinese takeover thus far. u worry that this is going to be a trend? >> it's certainly going to be. what's happening in china is that enterprises don't have the opportunities there because their problems and the chinese economy right now it's a pretty serious. these enterprises are going around the...
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Dec 12, 2012
12/12
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FOXNEWSW
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to get tougher sanctions you need china on board, not just to get through the security council but china in north korea's biggest trading partner. if you are going to monitor what goes in and out -- >> it provides a lot of food and oil and -- >> everything. yeah. >> president obama came in office famously promising to engage with regime like north korea. when that didn't work, threats of suffer sanctions. what do they do now and will it work? >> we probably all remember the famous statement from a debate in the summer of 2007, the white house is very alarmed as they should be. this is a big surprise. a big threat. working behind the scenes. talked to a senior official not long ago who said they working to put pressure on russians to try and put pressure on the north koreans as well. a big challenge for the white house. one more thing on the president's plate. in the middle of this domestic maelstrom. >> chris: foreign policy problems as well with syria. >> yeah. >> chris: busy plate. charles, your reaction? >> nothing will happen at the u.n. even if it were to happen at the u.n. it will
to get tougher sanctions you need china on board, not just to get through the security council but china in north korea's biggest trading partner. if you are going to monitor what goes in and out -- >> it provides a lot of food and oil and -- >> everything. yeah. >> president obama came in office famously promising to engage with regime like north korea. when that didn't work, threats of suffer sanctions. what do they do now and will it work? >> we probably all remember...
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Dec 1, 2012
12/12
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CSPAN2
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it's the broadest of countries some that need to be worked on and the next president isn't just china bashing but what do we need to do have a world that is everybody trying to run a trade surplus which the government believes it is possible. [laughter] >> then there is this issue of trade and income inequality. and there's a similar level that presumably had relatively little to do with the distribution. if you make -- canada sends assembled cars back to the united states that is and when to be making a big difference to the deficiency. now we do a lot in the countries that are substantially lower income and are selling less labor-intensive products that are increasing the inequality and come through the skull the differentials and it's not simply put part of this revolution ourself. the trade is the income inequality because the numbers are just not big enough which was true. the question is what you do well it? there are a lot of reasons not to have protectionists, certainly not to have a general return but if nothing else because we're supposed to be global citizens, and for the v
it's the broadest of countries some that need to be worked on and the next president isn't just china bashing but what do we need to do have a world that is everybody trying to run a trade surplus which the government believes it is possible. [laughter] >> then there is this issue of trade and income inequality. and there's a similar level that presumably had relatively little to do with the distribution. if you make -- canada sends assembled cars back to the united states that is and...
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it is quite cumbersome for both china and elsewhere in the globe, melissa. when it comes down here who owns the mineral rights. here in the united states a greater segment of the market owns the mineral rights. for example here in nnsylvania, marcellus shale, landowners get to share in the profits of fracking that is going on. you don't have that elsewhere. you have greater government ownership of mineral rights. this is the government we're talking about. so it is cumbersome, it is expensive in the form of both taxes and royalalty regime. in the case of a situation like argentina which nationalized its gas companies, you have the issue of attracting outside investors at this point. melissa: well, i don't understand. if the government owns the mineral rights why don't they want to develop it? it would be revenue for them and every government needs money to spend? >> well, indeed. now when you have a case like the united states, it's a matter where your ideology runs down to. the state of north dark has tremendous resources taking advantage of it has 3.1% of
it is quite cumbersome for both china and elsewhere in the globe, melissa. when it comes down here who owns the mineral rights. here in the united states a greater segment of the market owns the mineral rights. for example here in nnsylvania, marcellus shale, landowners get to share in the profits of fracking that is going on. you don't have that elsewhere. you have greater government ownership of mineral rights. this is the government we're talking about. so it is cumbersome, it is expensive...
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Dec 21, 2012
12/12
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CNBC
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now, in greater china, also some losses. the shanghai comp is more isolated than the rest of these markets from global happenings. it wasn't really the fiscal cliff worries that had this index down. this index has rallied in december. but it's still under water while the rest of the indexes are notching some percentages for the year. they control about three quarters of trade in this market, so, really, they're going to have to buy in if they're going to see any sustained rally. the hang seng is up about 22% for the day. pulling back this week, we're down .7% weighing heavily in this market were the chinese banks. the banks listed in shanghai. liquidity concerns as they head into the end of the year and try wrapping up their balance sheets for regulatory requirements next year. that's the asx worries here. and the bse sensex, the momentum of losses has been increasing over the last little bit. but this market doing very well on the year, as well, up nearly 25%. so a pretty ugly picture here, kelly, but if the world is going
now, in greater china, also some losses. the shanghai comp is more isolated than the rest of these markets from global happenings. it wasn't really the fiscal cliff worries that had this index down. this index has rallied in december. but it's still under water while the rest of the indexes are notching some percentages for the year. they control about three quarters of trade in this market, so, really, they're going to have to buy in if they're going to see any sustained rally. the hang seng...
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Dec 23, 2012
12/12
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CSPAN2
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they are the china of the e.u. that's one way to do it. the only other thing i might say, which is funny and the reaction i liked in my book, senior european goldman sachs guy who i quoted my book sent me an e-mail saying he had rented and i have been the e-mail with trepidation because i thought was going to say. he said something. i'm paraphrasing. i've just read your book, terrifying. i think i'm going to have to move to sweden. so when you even have the goldman sachs guy, and the swedish model is the only one that works. that says something. >> thank you. >> i'm not sure i know how to phrase this question. did you see any difference between the people that did create something? like bill gates and the guy from apple. as compared to the people who i just called paper manipulators, is there any difference in their attitude? i mean, bill gates i don't think behaves as though he's an entitled person, but i don't know him personally of course. he's doing a lot with the money that is good. i don't know the people on wall street. >> of course
they are the china of the e.u. that's one way to do it. the only other thing i might say, which is funny and the reaction i liked in my book, senior european goldman sachs guy who i quoted my book sent me an e-mail saying he had rented and i have been the e-mail with trepidation because i thought was going to say. he said something. i'm paraphrasing. i've just read your book, terrifying. i think i'm going to have to move to sweden. so when you even have the goldman sachs guy, and the swedish...
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110
Dec 21, 2012
12/12
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CNBC
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yum is growing hugely in china. watch yum brand stock take a lit after hit on that one. >> this is doing quite well on its revenues. >> yes. eps in inline but as mandy noted, sales are up. is up skripgss with strong growth. that stock up 37% over the past year. >> this is a name we don't often come up against. it is soaring today so we will throw it in. >> soaring, and this is a small company, slightly bigger than $500 million in cap because of the move today. they licensed some technology to pfizer, which obviously is a huge big partner. that enables drugges to be self injected sub cutaneously, ie, under the skin. >> and it rears its head once again. herbalife, a story we have been following all week. a little bit of damage control going on at the company, would you say. >> another 18% today. folks, the stock, the last three days, just terrible for herbalife. the news here is that not only is an an update but, an analyst day january 7 where they plan to directly address bill ackman's point. no doubt they will work
yum is growing hugely in china. watch yum brand stock take a lit after hit on that one. >> this is doing quite well on its revenues. >> yes. eps in inline but as mandy noted, sales are up. is up skripgss with strong growth. that stock up 37% over the past year. >> this is a name we don't often come up against. it is soaring today so we will throw it in. >> soaring, and this is a small company, slightly bigger than $500 million in cap because of the move today. they...
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Dec 28, 2012
12/12
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CSPAN
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china's >> ok. concepts. for 20 years i have been advising -- roughly half of that on financial economic matters. the other half a variety of topics. about 10 years ago, we started talking about role of law. i said to him at the time, what strikes me about this topic was that other than the occasion i can think of, other than when paul worked at the state department and bill clinton was president, this topic in my view has never gotten the attention it deserves. it has been treated too much as a technical topic. not as a fundamental topic about the relations of the states. in my experience, i always say the chinese leadership, the most distinctive characteristic is they are systematically opened. that is to say the modus operandi is on a particular topic, let's look for the best ideas throughout the world, bring them back, study them, and then customize them as appropriate for our own system. and yet in this one respect, they have been a little bit slow. we had this conversation 10 years ago. now, i will stic
china's >> ok. concepts. for 20 years i have been advising -- roughly half of that on financial economic matters. the other half a variety of topics. about 10 years ago, we started talking about role of law. i said to him at the time, what strikes me about this topic was that other than the occasion i can think of, other than when paul worked at the state department and bill clinton was president, this topic in my view has never gotten the attention it deserves. it has been treated too...
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165
Dec 17, 2012
12/12
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FBC
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stuart: i know you are not as familiar with china as you are with japan, but nowadays we think of china as the economic superman. do you think there's a chance that in 25 years we'll be looking at china as in terminal decline >> i don't know about terminal decline. there's something called a window of opportunity. that window doesn't actually close till about 2025. japan's window opened in 1950 and closed in roughly 1997 i believe. i have to check my numbers. but yes china is going to have the same problem that japan does but it's so much bigger sheer number of people that it probably won't be until 2025 or 2030. stuart: i find this fascinating. you and i share an interest in demographics. i think it is one of the great movers and shakers of any economy around the world. keith, thank you very much for joining us. i want to do more on this in the next year. okay? we will do it. thank you very much. >> thanks. stuart: we will have more varney & company for you in a moment. stuart: we have been following very carefully a big drop in gas prices and it continues. the national average today i
stuart: i know you are not as familiar with china as you are with japan, but nowadays we think of china as the economic superman. do you think there's a chance that in 25 years we'll be looking at china as in terminal decline >> i don't know about terminal decline. there's something called a window of opportunity. that window doesn't actually close till about 2025. japan's window opened in 1950 and closed in roughly 1997 i believe. i have to check my numbers. but yes china is going to...
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99
Dec 11, 2012
12/12
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MSNBCW
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eye 99
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-china cooperation. a negative scenario would be where the two countries start working at cross purposes with each other and cannot communicate, cannot resolve the problems that exist between them. that would be something we seriously have to be concerned about. >> donald, so, i mean, okay. there is all the talk and maybe mutual interest and cooperation and there's talk about china catching or surpassing the united states as a superpower in the world, whatever that means. when you look at what that's meant for the u.s., you have troops, military bases, tangled up in geo political stuff across the globe. what kind of superpower does china want to be? >> well, china does not in my opinion want to be the kind of superpower that we normally think of in a military and strategic sense when we use that term. actually, the report that just came out said that the u.s. would remain dominant as the leading power in 2030. it was not as if -- it is not if the chinese are seeking or will replace the united states. tha
-china cooperation. a negative scenario would be where the two countries start working at cross purposes with each other and cannot communicate, cannot resolve the problems that exist between them. that would be something we seriously have to be concerned about. >> donald, so, i mean, okay. there is all the talk and maybe mutual interest and cooperation and there's talk about china catching or surpassing the united states as a superpower in the world, whatever that means. when you look at...
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Dec 16, 2012
12/12
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once in china and japan and all these countries start making stuff cheaper, it is problem for unions, and that is just a reality. >> it is also reality that some of that manufacturing is coming back, and not because of low wages. because of transportation costs, innovation, all kinds of things. what bothers me about this vote is that it was ught and paid for by a few wealthy people. the leader of the senate, the governor, both on record not want to do this initially . they did it turn around. and lost five seats and the legislature. >> you can look for all the conspiracy's you want. the fact is that michigan was adjusting to exactly the reality that evan isalking about, globalization. i think was glory days for the unions 94 is, 1950's, 1960's, when the rest of the world was devastated by the second world war, we had a monopoly and, yes, great benefits to it the problem is that when you have global competition, you are uncompetitive. detroit went bankrupt but the southern transplants did not. here is the tragic choice. in the right to work states, wages are 10% lower. unploynt is also
once in china and japan and all these countries start making stuff cheaper, it is problem for unions, and that is just a reality. >> it is also reality that some of that manufacturing is coming back, and not because of low wages. because of transportation costs, innovation, all kinds of things. what bothers me about this vote is that it was ught and paid for by a few wealthy people. the leader of the senate, the governor, both on record not want to do this initially . they did it turn...
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Dec 17, 2012
12/12
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china telecom is carrying the phone. it's available in china's apple stores and online. china mobile is expected to strike a deal to carry the phone by late 2013. eunice, they need this to sell, because according to idc, in the third quarter, their share of smartphone market in china slipped to sixth place, which is a massive decline in market shares terms. how much is this one going to take them back a little bit? >> well, apple faces a lot of challenges in the china market. like you said, they're slipping in their ranking. and that's because there is a lot of competition, especially from -- well, from samsung and lenovo, names that you know, and also from -- players that are coming up with these low, cheaper wsh i should say, smartphones and that is one big challenge for the company here. another big challenge, as you had said, china mobile, it needs to come up with some deal with china mobile over the next year or so in order to try to get access to that company's 700 million viewers. >> eunice, thanks for that and our apologies for that slight technical freeze there.
china telecom is carrying the phone. it's available in china's apple stores and online. china mobile is expected to strike a deal to carry the phone by late 2013. eunice, they need this to sell, because according to idc, in the third quarter, their share of smartphone market in china slipped to sixth place, which is a massive decline in market shares terms. how much is this one going to take them back a little bit? >> well, apple faces a lot of challenges in the china market. like you...
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Dec 13, 2012
12/12
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china is growing as a luxury buyer. and although their falloff, tiffany's had high profile warnings base and weaker china, they're going to grow % next year and on top of that the following year. how do you call it quilts here? >> the power gauge is my guide here. china retail sales were up 15% recently. that came out of the blue. you have to go with a disciplined approach to the stocks. if the power gauge is bearish, and it's not bearish on all, but if the power gauge is bearish, i think this is a great place to raise cash. >> we're showing charts and the gauges for tiffany as well as coach and they are very l leveraged to china. >> no doubt. >> the negative power gauge there. there is one stock that you brought with you, mark, that is positive in terms of the power gauge, and that is yahoo!, a pick of steve's for a long time. >> i like it for some of the same reasons. but the key here is they are hiring engineers. they bought on the air and the reason is they know these engineers from google. they've been terribly und
china is growing as a luxury buyer. and although their falloff, tiffany's had high profile warnings base and weaker china, they're going to grow % next year and on top of that the following year. how do you call it quilts here? >> the power gauge is my guide here. china retail sales were up 15% recently. that came out of the blue. you have to go with a disciplined approach to the stocks. if the power gauge is bearish, and it's not bearish on all, but if the power gauge is bearish, i think...
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Dec 11, 2012
12/12
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we talked about this on "fast money" a couple of years ago, when -- >> when china restricted rare earth, this was a great stock to be in. it became a broken momentum stock, the story started to fall apart. the last couple of davedays, th stock was up 20% to 30%. >> it's gone from six bucks around the s.e.c. probe time, $11.33 and actually gave back after hours, really effectively what it gained today. the stock still looks some what bull proof -- >> really? >> despite the fact you've seen a move after hours in the change on the ceo, there are some people that said, this guy needs to go. and i think there were questions about the surrounding s.e.c. probe, there were questions about the mine in california, so, i think people might be ultimately outside of, there's never, you know, consistency and some vision from the top, is what everybody wants to see and we don't exact lly know what wee going to get. this isn't necessarily bad news. i'm really saying, a stock that's run this much, for this kind of reaction, i'm just saying, this is not a huge reaction. >> we should be clear. the company
we talked about this on "fast money" a couple of years ago, when -- >> when china restricted rare earth, this was a great stock to be in. it became a broken momentum stock, the story started to fall apart. the last couple of davedays, th stock was up 20% to 30%. >> it's gone from six bucks around the s.e.c. probe time, $11.33 and actually gave back after hours, really effectively what it gained today. the stock still looks some what bull proof -- >> really? >>...
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Dec 20, 2012
12/12
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. >> rose: do you look at the new leadership in china and think they will change the way china is -- >> well, they're a new generation, i've met some of them. but the question -- i think they face enormous questions about their own internal political system i hope that there's a real international opportunity to nationalize their currency. instead of that being a threat it's an opportunity for london as a financial center to be the place where ewan trading takes place and, in fact the last couple of months for the first time in our history a chinese bank issues and rnb bond outside china and hong kong so that's because of a lot of hard work in the city of london and with the british government to make britain a place where this new activity takes place. it's a good example of us actually not do so powered by rolls royce engines and airbus planes. the that's a bit anglocentric but there are going to be products and service which is people and these countries will want for the first time in their families histories and there's a real opportunity for western businesses. >> rose: the lar
. >> rose: do you look at the new leadership in china and think they will change the way china is -- >> well, they're a new generation, i've met some of them. but the question -- i think they face enormous questions about their own internal political system i hope that there's a real international opportunity to nationalize their currency. instead of that being a threat it's an opportunity for london as a financial center to be the place where ewan trading takes place and, in fact...
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Dec 22, 2012
12/12
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romney said jeep was shipping over to china and the one from super pac that seemed to blaine mitt romney. enter rick santorum. >> you than nay shah in the netherlan netherlands, but half the people who are euthanized, it's 10%. half of those people are euthanized involuntarily in hospitals because they're older and sick. and so elderly people in the netherlands don't go to hospital. they go to another country because they're afraid because of budget purposes that they will not come out of that hospital. >> don't go trying to track down statistics about involuntary you than nay shah in the never lands. now to mitt romney romney, that he hasn't paid taxes in 10 years. >> now reid said he got his information from a former bane reinvestor. he was awarded the maximum number of pinocchios. also u.n. ambassador susan rice has come to a point where circumstances led her to be taken out of the opening for secretary of state. her opening line, quite, my talking points for this evening have been provided to me and fully cleared by the intelligence communitity. what could possibly go wrong. late, qu
romney said jeep was shipping over to china and the one from super pac that seemed to blaine mitt romney. enter rick santorum. >> you than nay shah in the netherlan netherlands, but half the people who are euthanized, it's 10%. half of those people are euthanized involuntarily in hospitals because they're older and sick. and so elderly people in the netherlands don't go to hospital. they go to another country because they're afraid because of budget purposes that they will not come out of...
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will be able to increase its all the exports to asia one of the most dynamic global markets the us china and japan that consumer most oil from the e.s.b. all pipeline will now be able to buy even more but the raiders say that the pipeline capacity will be increased to fifty million tonnes a year in the future from the current thirty million tons this will be almost as much as russia's western pipeline is pumping to europe for over russian oil exports to europe arctic reasoning according to trans data they will continue to decrease in the first quarter of the next year but that's because they don't know they're just part of that experts say that the european commission doesn't really concerned about the fact that russia has diversified its next part channels and it will be able to shift its priority markets from the west to the east. finally this our habits and tastes for christmas gifts are changing the most popular gift this year according to the financial times is not a dollar a toy truck or even a video game and everything in one a tablet computer now analysts predict that kids as you
will be able to increase its all the exports to asia one of the most dynamic global markets the us china and japan that consumer most oil from the e.s.b. all pipeline will now be able to buy even more but the raiders say that the pipeline capacity will be increased to fifty million tonnes a year in the future from the current thirty million tons this will be almost as much as russia's western pipeline is pumping to europe for over russian oil exports to europe arctic reasoning according to...
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the numbers and between natural gas prices being four times more expensive in asia between incomes in china being five times what they were when they first moved over there and between the cost of oil which now you know the cost to transport from china to america they started to think well maybe we could actually bring some manufacturing back to this to louisville and what they found was that once they took this spring water heater the one that they had been making and trying to and they brought it to louisville they said quote we got the water heater into the room and the first thing the group said to us was quote this is just the mass not the product but the design in terms of manufacture ability it was terrible kevin nolan vice president of technology said yeah ok but talk to me about wages in other words ok so they're going to bring jobs back to the u.s. they can make the white goods for twenty percent cheaper and you factor in the lower cost for natural gas through fracking which of course doesn't account for the environmental cost but that's another issue so you have a pool of workers
the numbers and between natural gas prices being four times more expensive in asia between incomes in china being five times what they were when they first moved over there and between the cost of oil which now you know the cost to transport from china to america they started to think well maybe we could actually bring some manufacturing back to this to louisville and what they found was that once they took this spring water heater the one that they had been making and trying to and they...
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Dec 5, 2012
12/12
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if they understood that the highway fund is running a deficit, and having to borrow from china to fix the roads, it is something they would be concerned about. >> i accept the point that any tax increase has become problematical, but the gas tax i would add in along with medicare and social security, no one is fighting to decrease the gas tax. there's no protest outside of gas stations, because it is accepted at that kind of a level, whereas there's plenty of interest in cutting all kinds of other taxes. as an elected official, i think these things which are tied specifically to benefits that people can see and can grab onto, are much easier to do, and that there is some opportunity in this debate to do that. >> can i make a quick point, based on research, which is are people willing to pay higher taxes to reduce the deficit? it turns out that overall people are with one are if they feel certain it will go to reduce the deficit. there is a little trust that revenues that go to washington will be used there instead of new spending or broken spending programs. the lessons we look from t
if they understood that the highway fund is running a deficit, and having to borrow from china to fix the roads, it is something they would be concerned about. >> i accept the point that any tax increase has become problematical, but the gas tax i would add in along with medicare and social security, no one is fighting to decrease the gas tax. there's no protest outside of gas stations, because it is accepted at that kind of a level, whereas there's plenty of interest in cutting all kinds...
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opposed the obama administration's eva asia pivot were the military surge of throughout asia to contain china all of these things and he's he's been hit with a lot of criticism but it's interesting to know that a guy like that could possibly sit in the seat that was previously occupied by panetta and rumsfeld so there is some change in the obama straight and has even though it isn't it intervened unfortunately in places like syria to a limited degree and has heart imposed harsh sanctions on iran i think a lot of the bush crew might have already intervened and so you know as much of a warmonger as obama is there is in a a a fortunate slight change in foreign policy from the bush years well what do you think what's the setting in america to tell my foreign audience how americans are ending the year you know is a good mood i mean we have the newtown shooting which is really heart wrenching his america changed in this year. you know what not a lot of changed the republican party opposing obama at every juncture and not negotiating with them right now the fiscal cliff is coming and we're all going
opposed the obama administration's eva asia pivot were the military surge of throughout asia to contain china all of these things and he's he's been hit with a lot of criticism but it's interesting to know that a guy like that could possibly sit in the seat that was previously occupied by panetta and rumsfeld so there is some change in the obama straight and has even though it isn't it intervened unfortunately in places like syria to a limited degree and has heart imposed harsh sanctions on...
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Dec 13, 2012
12/12
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china doesn't just get access to the canadian oil fields. the chinese get direct access to choose reserves in our own back yard in the gulf of mexico. it still needs approval from washington, but the chinese will control a major north american oil company. lou dobbs is with us now. i cannot imagine that you think this is a good idea. lou: is a terrible idea if it's not altered. as you know, the oil and the immense reserves, it will likely begin doing so over the years ahead. it is a big deal for the chinese. they also have control just about 116 million barrels of oil in the gulf of mexico, primarily fields off the coast of louisiana. those are under u.s. jurisdiction. the trick here is the chinese offshore oil company, the chinese national offshore oil company, they have run into this before. it was back in 2005 when they tried, as you probably recall, they ran into all sorts of issues due to better than other technology and resources held and it was locked. this time, i think it is -- it is very important that significant authorizations ar
china doesn't just get access to the canadian oil fields. the chinese get direct access to choose reserves in our own back yard in the gulf of mexico. it still needs approval from washington, but the chinese will control a major north american oil company. lou dobbs is with us now. i cannot imagine that you think this is a good idea. lou: is a terrible idea if it's not altered. as you know, the oil and the immense reserves, it will likely begin doing so over the years ahead. it is a big deal...
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Dec 5, 2012
12/12
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romney drew the wrath of china's news agency for promising to label them a currency manipulator. unfortunately for the mad men, it wasn't just the chinese who were paying attention. a general motors spokesman accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs over to china. >>> finally, a toddler takes in cnbc's fiscal cliff talk. [ laughing ] >> that's like young kids who say they like me saying "let's play hardball." anyway, that's going viral, obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people? half think aa.c.o.r.n., which no longer exists, stole the election. what is this fringe called? it's called the gop. wait until you see these stats. it's like jay walking with jay leno. i don't know who these people are. anyway, "hardball," the place for politics, coming up. >>> here's what's happen. iran says it captured a u.s. drone and released a videotape but the u.s. denies losing any. >>> prince william visited his pregnant wife kate at the
romney drew the wrath of china's news agency for promising to label them a currency manipulator. unfortunately for the mad men, it wasn't just the chinese who were paying attention. a general motors spokesman accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs over to china. >>> finally, a toddler takes in cnbc's fiscal cliff talk. [ laughing ] >> that's like young kids who say they like me saying "let's play hardball."...
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Dec 11, 2012
12/12
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china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension debt per household in california of aost $30,000. illinois close behind, $167 billion in unfundedliabilities, 28% funded, and th state pension debt per household amounting to over $34,000. in municipal bonds illinois sold over $5illin bonds this year making it the third biggest debt issuer in the first tee arters this year. california and new york, numbers e and two with. the issue of unfunded pension liabilities with the passage of right-to-work laws is a subject that i'm going to be taking up with our next guest. -@mallory fctor, author of can the bestseller, "shadow boxes: government nioos cont
china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension...
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Dec 27, 2012
12/12
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. >>> a slowdown in the country of china is proving to be short lived. power generation and food processing firms are leading the recovery. >>> and germany's latest exports seems to be recession proof. it's a tradition dating back to the middle ages, but germany's christmas markets are more popular than ever. nbc's andy eckh artson sends this report. >> every december, music rix out across girlny's favorite christmas market. berlin alone hosts more than 80 markets, each with its own character where the sights, sounds and smells of christmas combine to keep your financial crisis at bay. >> we don't feel a crisis. when you look around here at the christmas market, you meet so different people from germany and it's so popular to come to berlin. christmas season is present season. >> over the past 20 years, germany's christmas markets have become a big attraction and big business. analysts estimate that the german christmas market industry brings in billions of dollars annually. for many small businesses and traditional craftsmen, the markets are the main so
. >>> a slowdown in the country of china is proving to be short lived. power generation and food processing firms are leading the recovery. >>> and germany's latest exports seems to be recession proof. it's a tradition dating back to the middle ages, but germany's christmas markets are more popular than ever. nbc's andy eckh artson sends this report. >> every december, music rix out across girlny's favorite christmas market. berlin alone hosts more than 80 markets, each...
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Dec 4, 2012
12/12
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accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs to china. >>> finally a toddler takes in cnbc's fiscal cliff talk. >> that's like young kids who say they like me saying let's play "hardball." that's going viral obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people in half the republicans think a.c.o.r.n. which no longer exists stole the election. wait until you see these stats. it's like jay walking with jay le leno. i don't know who these people are. anyway, "hardball," the place for politics, coming up. maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups
accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs to china. >>> finally a toddler takes in cnbc's fiscal cliff talk. >> that's like young kids who say they like me saying let's play "hardball." that's going viral obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people in half the republicans think a.c.o.r.n. which no longer...
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Dec 5, 2012
12/12
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that get into china. so it's not all roses, but we need new marketplaces and china is certainly growing as an extraordinary pace. >> yeah, and what's it like trying to finance productions at the moment? >> just globally -- i mean, the marketplace is pretty strong. after 2008, there was -- we kind of hit a roadblock with banks and with wall street and all of that kind of stuff. but i think the marketplace and the financial marketplace has come back pretty strong. though there are problems in some territories in europe like italy and spain, greece, of course. there are other strong markets. again, this is a reason why china and russia and brazil and india have become so important at the global scenario. >> okay, we wish you all the best. have a great few days there in singapore. >>> the british chancellor executive george osborne is giving his autumn statement today. the chancellor has already dropped big hints about what we can expect. katie barnfield has gone up to man chester to see how the government's
that get into china. so it's not all roses, but we need new marketplaces and china is certainly growing as an extraordinary pace. >> yeah, and what's it like trying to finance productions at the moment? >> just globally -- i mean, the marketplace is pretty strong. after 2008, there was -- we kind of hit a roadblock with banks and with wall street and all of that kind of stuff. but i think the marketplace and the financial marketplace has come back pretty strong. though there are...
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Dec 13, 2012
12/12
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CURRENT
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cenk: oh, my god, they're moving all the jeep jobs to china. then the ceo put out a statement. i feel obliged to state our position. jeep production will not be used tofrom the united states to children. it is inaccurate to suggest anything different. they knew it wasn't true, and even after this statement mitt romney kept saying over and over again, they're going to move all the jeep jobs to china. can you believe it? so that wound up being lie of the year for political fact. they asked readers to pick out the top lies of the year. the top five. here's the first one. >> what we now have is the biggest tax increase in the history of the world. obama-care is just a massive tax increase. that's all it is. >> cenk: that's awesome. the biggest tax increase in the history of the world. now the reeders picked that number one biggest lie now number two was this one. >> if you got a business, you didn't build that, somebody else made that happen. >> my father's hands didn't build this company? my hands didn't build this company? >> through hard work an
cenk: oh, my god, they're moving all the jeep jobs to china. then the ceo put out a statement. i feel obliged to state our position. jeep production will not be used tofrom the united states to children. it is inaccurate to suggest anything different. they knew it wasn't true, and even after this statement mitt romney kept saying over and over again, they're going to move all the jeep jobs to china. can you believe it? so that wound up being lie of the year for political fact. they asked...
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Dec 6, 2012
12/12
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the next 50 years we are adding 3 billion new consumers, china, india, brazil. let's add i understondonesia to. 3 billion consumers growing in the consumption trends. the growth that will come in front of us in the next 50 years have nothing to do with what has been achieved in the last 50 years. the only difference is that it will be done in those new markets, one, and the specificity of those markets, young people, loving brands, loving sports and becoming rich much sooner compared with what we've been enjoying in other markets. that means attractiveness towards luxury brands starts much sooner in those new markets. >> my thanks to the ceo of ppr. >>> tomorrow morning's key jobs report could move your money even before the opening bell rings. we have our panel of wall street's top market pros giving you a leg up on the ore side of this break. stay with us. we're back in a moment on "the closing bell." americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first
the next 50 years we are adding 3 billion new consumers, china, india, brazil. let's add i understondonesia to. 3 billion consumers growing in the consumption trends. the growth that will come in front of us in the next 50 years have nothing to do with what has been achieved in the last 50 years. the only difference is that it will be done in those new markets, one, and the specificity of those markets, young people, loving brands, loving sports and becoming rich much sooner compared with what...
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Dec 20, 2012
12/12
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i have to tell you, wages in china are rising. i spoke to somebody recently building a hotel and looking at the numbers, prices really aren't much different with thing that is are being imported now and made here in the united states. prices are going up tremendously. now that a lot of attention is brought to, you know, the terrible conditions and working environments and the terrible wages in china. and look. we have to start just reinvesting ourselves and you could buy things made in china that last you not that long that are not safe. there's nothing better than american quality, the safety principles we focus on in this country and american made lasts you the longest and do amazing things for this country. >> you know, david, i get that. i'd love to sit here and tell you with holiday presents i'm a ko conscientious shopper. i try to break my record. >> what is your record? >> two hours. a lot of thought in these gifts. really, seriously. my point is this. look, if i walk in to a store and going to get, you know, a pad of paper
i have to tell you, wages in china are rising. i spoke to somebody recently building a hotel and looking at the numbers, prices really aren't much different with thing that is are being imported now and made here in the united states. prices are going up tremendously. now that a lot of attention is brought to, you know, the terrible conditions and working environments and the terrible wages in china. and look. we have to start just reinvesting ourselves and you could buy things made in china...
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Dec 23, 2012
12/12
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romney said jeep was shipping american joshs over to jobs over to china and the one from the superpac that seemed to blame bain capital for the death of this workers life. enter, rick santorum. >> euthanasia in the netherlands, but half the people who are euthanized, it's 10%. of all deaths, half of those people are euthanized involuntarily at hospitals so they are older and sick. and so elderly people in the netherlands don't go to hospital. they go to another country because they're afraid because of budget purposes that they will not come out of that hospital. >> don't go trying to track down statistics about involuntary euthanasia in the netherlands. you will find no such facts. now, to harry reid. he made the rounds saying that mitt romney didn't pay taxes for ten years. >> the word is out that he hasn't paid any taxes for ten years. let me him that he has paid taxes, because he hasn't. >> now reid said he got his information from a former bane investor. without any further explanation, he was awarded the maximum number of pinocchios. also u.n. ambassador susan rice has come to t
romney said jeep was shipping american joshs over to jobs over to china and the one from the superpac that seemed to blame bain capital for the death of this workers life. enter, rick santorum. >> euthanasia in the netherlands, but half the people who are euthanized, it's 10%. of all deaths, half of those people are euthanized involuntarily at hospitals so they are older and sick. and so elderly people in the netherlands don't go to hospital. they go to another country because they're...